SEB Asset Management AB Takes $1.43 Million Position in GFL Environmental Inc. $GFL

SEB Asset Management AB bought a new position in GFL Environmental Inc. (NYSE:GFL) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 34,272 shares of the company’s stock, valued at approximately $1,425,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in shares of GFL Environmental by 12.0% during the fourth quarter. Legal & General Group Plc now owns 1,225,212 shares of the company’s stock valued at $52,700,000 after acquiring an additional 131,332 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in GFL Environmental in the fourth quarter worth $1,327,000. Vestcor Inc grew its stake in GFL Environmental by 25.7% in the 4th quarter. Vestcor Inc now owns 391,815 shares of the company’s stock valued at $16,828,000 after purchasing an additional 80,000 shares during the period. Verbena Value LP increased its position in shares of GFL Environmental by 44.7% during the 1st quarter. Verbena Value LP now owns 1,211,100 shares of the company’s stock valued at $50,527,000 after purchasing an additional 374,000 shares during the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of GFL Environmental by 483.1% during the 4th quarter. WINTON GROUP Ltd now owns 236,167 shares of the company’s stock worth $10,143,000 after purchasing an additional 195,667 shares during the period. 64.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

GFL has been the subject of several research reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of GFL Environmental in a research report on Wednesday, May 13th. JPMorgan Chase & Co. lifted their price objective on shares of GFL Environmental from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Zacks Research cut shares of GFL Environmental from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Scotiabank reduced their target price on shares of GFL Environmental from $56.00 to $52.00 and set a “sector outperform” rating for the company in a research report on Monday, May 4th. Finally, Weiss Ratings lowered shares of GFL Environmental from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. Twelve research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, GFL Environmental presently has a consensus rating of “Moderate Buy” and an average price target of $54.89.

GFL Environmental Stock Down 0.6%

GFL stock opened at $38.88 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 121.50, a PEG ratio of 2.96 and a beta of 0.70. GFL Environmental Inc. has a fifty-two week low of $33.33 and a fifty-two week high of $51.51. The stock has a fifty day moving average of $36.96 and a 200-day moving average of $40.16.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. GFL Environmental had a return on equity of 4.53% and a net margin of 3.09%.The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) EPS. As a group, equities research analysts predict that GFL Environmental Inc. will post 0.56 earnings per share for the current year.

GFL Environmental Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 13th will be paid a $0.0169 dividend. The ex-dividend date is Monday, July 13th. This represents a $0.07 annualized dividend and a dividend yield of 0.2%. GFL Environmental’s dividend payout ratio (DPR) is presently 21.88%.

GFL Environmental Company Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.